ChannelAdvisor (ECOM) Issues Earnings Results, Meets Expectations

ChannelAdvisor (NYSE:ECOM) announced its quarterly earnings data on Thursday. The software maker reported ($0.10) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.10), Briefing.com reports. The firm had revenue of $32.66 million during the quarter, compared to the consensus estimate of $31.46 million. ChannelAdvisor had a negative net margin of 9.28% and a negative return on equity of 14.23%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) earnings per share.

ECOM stock traded down $0.20 during midday trading on Friday, hitting $13.70. The stock had a trading volume of 139,287 shares, compared to its average volume of 88,567. The stock has a market capitalization of $372.74 million, a P/E ratio of -27.36 and a beta of -0.18. ChannelAdvisor has a 12-month low of $8.30 and a 12-month high of $15.63.

In other news, Director Janet Raye Cowell sold 2,400 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $14.65, for a total transaction of $35,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider M Scot Wingo sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $14.59, for a total transaction of $729,500.00. Following the sale, the insider now directly owns 712,052 shares of the company’s stock, valued at $10,388,838.68. The disclosure for this sale can be found here. Insiders have sold a total of 63,400 shares of company stock valued at $924,710 over the last three months. Corporate insiders own 7.80% of the company’s stock.

ECOM has been the subject of a number of research reports. DA Davidson lifted their price target on shares of ChannelAdvisor from $11.50 to $13.00 and gave the company a “buy” rating in a research report on Monday, April 23rd. ValuEngine upgraded shares of ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. B. Riley initiated coverage on shares of ChannelAdvisor in a research report on Tuesday, June 26th. They set a “buy” rating and a $17.50 price target for the company. Robert W. Baird lifted their price target on shares of ChannelAdvisor from $9.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, May 11th. Finally, Zacks Investment Research upgraded shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. ChannelAdvisor has an average rating of “Hold” and an average price target of $15.50.

ChannelAdvisor Company Profile

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

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Earnings History for ChannelAdvisor (NYSE:ECOM)

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